$1,143,756Average Value$354Average Price per Sq Ft17Homes For Sale
Community lures top talent to Cary for Apple, SAS Institute
The story of the Preston neighborhood in Cary, North Carolina, is intertwined with two technology companies. The community was developed in the 1990s to lure talented professionals who were being recruited by local software firm SAS Institute. Then in 2021, tech giant Apple announced it will build a 3,000-employee campus just 3 miles outside of Preston. “Preston has always been popular, but it’s seen a resurgence,” says Davis Holt, a Realtor with Compass who has worked in Triangle real estate for more than a decade. “The speculation is as Apple moves in, this is where the executives will want to be.” Perched between Durham and Raleigh, Preston is a cluster of planned communities that offer high-end homes, a suburban lifestyle and well-rated public schools.
Members of Prestonwood Country Club have access to 3 golf courses in the Preston Neighborhood.
The Preston community was developed in the 1990s in Cary, NC.
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Luxury homes in Preston
Built to woo executives and top-paid talent, Preston’s real estate market stands apart from what’s common in Cary. The average home value in Preston is roughly $1 million, compared to $650,000 across the town of Cary. Condos sell in the mid-$300,000s, but it’s not uncommon for single-family homes with four-plus bedrooms to cost $1 million, with some estates fetching more than $3 million. Wide yards put some distance between the houses and the winding streets, with gardens and hedges often filling the space in between. Most homes were built in the ‘90s, and that’s reflected in the common architectural styles: neocolonials and neo-eclectic houses that combine multiple styles. There’s significant demand for homes in Preston’s competitive housing market, as evidenced by a story Holt tells. “A guy wanted $1.5 million for his home, and another guy drove up and said, ‘I’ll give you $2.5 million if you’ll sell it today.’ The homeowner said, ‘Done.’”
Multiple subdivisions make up the Preston neighborhood in Cary, North Carolina.
Preston features contemporary home styles from the 1990s and later.
Preston Park Lake a scenic spot for residents to walk or relax.
The Preston neighborhood is a growing community with new and beautiful homes.
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Prestonwood: A highly rated Raleigh-area country club
Members of Prestonwood Country Club have access to three golf courses, 15 tennis courts and an aquatics center. Country Club Magazine named Prestonwood one of the 10 best country clubs in the Raleigh area. Those who don’t join the private club aren’t without recreation options. On the west side of Preston, the city-owned Cary Tennis Park features 32 free-to-play courts that accommodate tennis and pickleball. Just south of the neighborhood, a playground, tree identification trail and a ropes course await at Fred G. Bond Metro Park.
Members of Prestonwood Country Club can play one of Raleigh's top-rated country club courses.
Cary Tennis Park has 32 championship courts, including one stadium court.
Bond Park's trails offer a tranquil place for walks.
Bond Park includes art displays for visitors to enjoy.
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All nearby schools earn grades of A
Part of the Wake County Public School System, Preston has two public campuses nearby. One is Morrisville Elementary School, graded an A by Niche. Since 2005, Morrisville Elementary has twice been named a National Blue Ribbon School, the most prestigious recognition given by the U.S. Department of Education. Green Hope High School is the other nearby campus; the high school gets a Niche grade of A-plus. The only school that requires a bit of a drive is Alston Ridge Middle School, an A-rated school 6 miles away.
Morrisville Elementary is ranked #43 in North Carolina.
Alston Ridge Middle is a public school located in Cary, NC.
Teens in Preston may attend Green Hope High School.
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Catch a movie with fellow Preston residents
Residents who check the Preston Village Facebook page find plenty of ways to hang out with neighbors. The page promotes neighborhood events, including family-friendly movie screenings at the community picnic shelter and trunk-or-treat night in October.
Preston Village has many green spaces for play and relaxing.
Check the Preston Village Facebook page to find plenty of ways to hang out with neighbors.
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Research Triangle, other jobs hubs are nearby
Car is the primary way to get around Cary, though GoCary buses do stop along High House Road south of the neighborhood. These buses head to downtown Cary, or motorists can make the 6-mile drive themselves. Multiple employment hubs sit nearby, with Research Triangle Park 8 miles away, Raleigh 15 miles to the east and Durham 15 miles in the opposite direction.
Downtown Raleigh is 15 miles from Preston on Interstate 40.
Research Triangle Park 8 miles away from Preston.
Downtown Durham is 15 miles away from the Preston neighborhood.
Retail and Offices nearby
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Breakfast and bread at La Farm Bakery
A pair of shopping center on the south side of Preston house Lowes Food, the local grocery store, and a handful of eateries. Customers grab breakfast sandwiches and take home loaves of ciabatta bread from La Farm Bakery. Ramen and rice bowls are on the menu at the family-run Miso Ramen Bar across the street. Two miles up the road, another retail complex is stocked with a Target, T.J. Maxx and AMC Theatre. One amenity not in the immediate area is a hospital; the closest place for medical treatment is WakeMed Cary Hospital, 8 miles way.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Evgenia Gavryuchkov,
an experienced agent in this neighborhood.
Parks in this Area
Fred G. Bond Metro Park
Baseball/Softball
Lake
Picnic Area
Preston Village Playground
Trails
Playground
Patriot's Playground
Playground
Morrisville Community Park
Baseball/Softball
Picnic Area
Playground
Cary Tennis Park
Tennis
Trails
Pickleball
Prestonwood Soccer Complex
Soccer
Multi-Purpose Field
Transit
Airport
Raleigh-Durham International
18 min drive
Bus
High House Rd & Legault Dr
Bus
High House Rd & Preston Soccer Fields
Bus
High House Rd & NW Cary Pkwy
Bus
High House Rd & Bond Park Dr (Ob)
Bus
High House Rd & Prestonwood Pkwy
Crime and Safety
1 - Low Crime, 10 - High Crime
Preston
US
Homicide
1
4
Sexual Assault
3
4
Assault with Weapon
1
4
Robbery
2
4
Burglary
4
4
Motor Vehicle Theft
3
4
Larceny
5
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Preston Demographics and Home Trends
On average, homes in Preston, Cary sell after 28 days on the market compared to the national average of 49 days. The median sale price for homes in Preston, Cary over the last 12 months is $1,115,000, up 6% from the median home sale price over the previous 12 months.
Welcome to this exquisite property, boasting a fresh interior paint job in a calming neutral color scheme that will effortlessly complement any decor. Step into the beautifully designed kitchen boasting a striking accent backsplash and a functional kitchen island. The primary bathroom is a haven of luxury with double sinks, a separate tub, and shower for ultimate relaxation. The primary bedroom
Don't miss this one!! Luxury townhome with absolutely stunning upgrades. Located in the heart of beautiful Preston, this center unit of three is ideally sited in a classic brick building on a quiet cul-de-sac street. 2-car garage plus driveway and overflow guest parking. Close to both Preston Corners and Preston Walk Shopping Centers with gourmet restaurants, banks, grocers, and other services.
Meticulously maintained, this stately brick home sits on the 8th hole of thePrestonwood Country Club Highlands course and offers classic architecture with modern luxury across four thoughtfully designed levels. Boasting over $600k in curated interior, exterior and mechanical updates, this home is ideal for multigenerational living and resort-style living.The main level exudes warm sophistication
Modern Renovation Meets Timeless Comfort in the Heart of Cary! Nestled at the end of a quiet cul-de-sac, situated on 1/3 of an acre, this beautifully reimagined Preston Oaks home is the perfect blend of modern updates and serene surroundings! Every inch has been thoughtfully renovated, offering the feeling of a brand-new home in an established, wooded neighborhood just minutes to Park West
Bell Preston Reserve Apartments is an award-winning community located in Cary, NC. We are nestled within the neighborhood of Preston and are only minutes away from the Research Triangle Park, upscale shopping at the new Park West Village, and fine restaurants.These one, two, and three bedroom luxury apartments have all of the conveniences and comforts you've come to expect. Each home
Executive rental opportunity in Preston on 1/2 acre lot overlooking 9th fairway! The foyer makes a grand first impression with gleaming marble flooring. Private home office with French doors provides a quiet workspace, while the formal dining room sets the stage for memorable gatherings. Cozy living room features a gas fireplace, and an 11'x 15' sunroom with walls of windows offers an inviting
Live carefree every day. At Cary Greens at Preston, coming home feels like you're on vacation. With impressive finishes and resort-quality amenities, our apartments make it possible to live beyond your expectations. With so much to do in the perfect location, a vibrant new lifestyle awaits. Embrace it.
Interested in learning more about homes in this area?
Reach out to
Evgenia Gavryuchkov,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
7,252
Median Age
44
Population Density
5 ppl/acre
Population under 18
22.2%
On par with the national average
23.8%
Population over 65
17.6%
On par with the national average
19.1%
Finances
Median Household Income
$185,990
Significantly above the national average
$71,702
Average Household Income
$193,022
Education and Workforce
High School Graduates
98.4%
College Graduates
78.2%
Significantly above the national average
34.1%
Advanced Degrees
39.7%
Significantly above the national average
13.3%
% Population in Labor Force
75.7%
Weather
Annual Precipitation
46''
Average Winter Low Temperature
32°F
Average Summer High Temperature
90°F
Annual Snowfall
3''
Area Factors
Somewhat Bikeable
Bike Score®
44/ 100
Car-Dependent
Walk Score®
0/ 100
Minimal Transit
Transit Score®
0/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
